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it is to go over the fiscal cliff when senators barack obama, senator joe biden, senator harry reid in 2006 all turned down w's request to raise the debt ceiling . >> the fiscal cliff was born in 2011. >> he didn't like it then but he wants today. he wants carte blanche today. >> let him answer, rick. >> i listened to you. please listen to me. i know that's not easy for you. >> okay. >> but please listen to me. >> not easy because you don't say anything consistent. >> the seeds of the fiscal cliff were planted in 2001 with the ten-year window for the bush tax cuts. secondly, look, you're not going to like this, rick, but the fact is the president has come more than halfway in terms -- he hasn't come anywhere. he's come halfway on 7%. he hasn't come halfway on the other side, the entitlement side, the reform side. we're going to a too light deal that's too small. >> a lot of people are saying he wants to go over the cliff because it gives him more leverage. >> yes. >> his treasury secretary said that. tim geithner said that on cnbc. >> right. >> well, look, i mean, first of all, i don't beli
in response to some of the things president obama said earlier on today with regards to the fiscal cliff. let's just take a listen. >> i'm not sure yet as i sort out my impressions of the president's remarks as to whether to be angry or to be saddened. i guess i have to wonder -- and i think the american have to wonder whether the president really wants this issue resolved or is it to his short-term political benefit for us to go over the cliff? >> what is your response to that? whether or not it's to his benefit or whether he really wants to get this job done? >> well, i think his commentary, senator mccain's, is part of the whole theatrics. he probably had a meeting with mitch mcconnell five minutes before he went on the floor and scripted out what he was going to say with hopes it would create leverage on their side. i think that's kind of a sideshow. mccain has the pulpit. but i really think the real question here is whether or not this deal is balanced, it's durable, and if we consider it the day after we pass it it actually has a boost for the economy. >> we have to leave it there, but
and light shed on what's going on in washington on the fiscal cliff. more after this. stay tuned. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> ten minutes left in the trading session. here, if you're just joining us once again, a breaking story out of
Search Results 0 to 2 of about 3